Quote:
Originally Posted by brushbackz
yeh, I didn't look through the thread for tutorials, I figured I'd be searching for a long time, I just skimmed through some posts that made it seem easy. Thanks for the exchange tip
Ok, so I use a bitcoin exchange site send that money to my bitcoin wallet, then use my wallet to deposit onto Ignition, and then I can easily transfer my money from ignition to my wallet to the exchange to my bank account, right?
Yes, that's correct.
Sign up for an exchange (like Coinbase) and a wallet (like Blockchain.info).
To buy bitcoin you can either use your bank account, which takes up to a few days, or with a debit/credit card which is instant but has low limits and a 3.5% fee.
If you want to use your bank account: sign up for Coinbase, link your bank account, and complete steps to get a USD wallet. Deposit money from your bank account to your USD wallet. When the money arrives on Coinbase use that to buy bitcoin and they will release it instantly.
If you want to use a card you can sign up, add your card and buy bitcoin right away.
Once you have the bitcoin send it to your bitcoin wallet. When the transaction confirms send from your bitcoin wallet to Ignition.
To withdraw, do those steps in reverse. Withdraw from Ignition to your bitcoin wallet. When the transaction confirms send to your Coinbase account. Sell the bitcoin on Coinbase and they will ACH the money to your bank in 1-3 days.
When sending bitcoin from your Blockchain.info wallet make sure to click on "Advanced Send" and check the fee. For some reason they have occasionally been too low recently.
See the screenshots in this post:
http://forumserver.twoplustwo.com/sh...ostcount=26360
Quote:
Originally Posted by stooks99
So, if someone wanted to go from bitpay to ignition, do they need to use BloCha in between, or can it just be direct?
Sent from my SAMSUNG-SM-G891A using Tapatalk
I'm still not sure what Bitpay sees in regards to your Bitpay wallet that's tied to your Bitpay card. I don't know whether they can see the addresses you have in your wallet and know that they belong to you.
It would defeat the point of sending to an address between site and exchange if the exchange knows the address in the middle belongs to you.
For that reason I would personally still want to send to another address in between Ignition and the Bitpay wallet for now.